NATIONAL What is Value Added Tax and how does it work? Value Added Tax (VAT) leads to avoidance of multiple-taxation and lowering of taxes for the manufacturers and traders and lowers prices of final goods for consumers.
Cafe Coffee Day to open 15 outlets in UAE Leading cafe chain, Cafe Coffee Day planned to open 15 outlets in United Arab Emirates (UAE) and is also actively looking at Austria and China to make a foray, its CEO Naresh Malhotra said today (Jan 17, 2005).
VAT white paper-a roadmap for uniform State taxes The "white paper" on Value-added Tax (VAT), released by Finance Minister P Chidambaram today (Jan 17, 2005) lays down a roadmap for levy of an uniform State-level tax on over 500 items, exempts 46 local and social items and gives States an option to exempt food grains for a year.
Finance Minister unveils white paper on VAT Finance Minister P Chidambaram today (Jan 17, 2005) unveiled the white paper on Value-Added Tax (VAT) that prescribes a rate of four per cent on a range of 270 items, including drugs and medicines and industrial products, and 12.5 per cent on many other items.
Hero Mindmine to venture into Gulf & Asia Pacific After establishing its position in the domestic market, Hero Mindmine, the training solution company of the Hero Group, is planning to venture into overseas market with opening of corporate training centres in select countries in the Gulf and the Asia Pacific region.
FM for consolidation & restructuring in oil sector In a bid to reform the oil and gas sector, Finance Minister P Chidambaram today (Jan 17, 2005) said that it would be further opened to competition and duties restructured to make oil companies more efficient and bring down fuel costs.
ICICI Bank's III Quarter net up at Rs 517.68 crore ICICI Bank has posted a higher net profit of Rs 517.68 crore for the third quarter ended December 31, 2004 as against Rs 440.10 crore in same period last fiscal.
Sensex reacts negatively after a strong opening The sensex reacted negatively after opening strong above 6200-mark and moved downwards during morning trading on the Bombay Stock Exchange (BSE) today (Jan 17, 2005) on fresh bout of selling pressure.
INTERNATIONAL India, Malaysia target $ 10 bn trade in 3 years India and Malaysia have set a target of $ 10 billion for bilateral trade to be achieved in next three years from current level of $ 3.5 billion, even as Commerce Minister Kamal Nath today (Jan 17, 2005) called on Malaysian businesses to invest in India.
Intel announces record quarterly, annual revenue Intel Corporation today (Jan 17, 2005) announced record quarterly revenue of $ 9.6 billion, up 13 per cent from the third quarter and up 10 per cent year-over-year.
Indo-Japan to boost cooperation in telecom network India and Japan plan to boost cooperation on developing next-generation telecommunications networks, a Japanese Government official said today (Jan 17, 2005).
